help needed to get out of debt

[whipsey]

hi ive finally come to the decision tha i need to sort out my debts now as the charges are stacking up badly. Only problem i have is where do i start? the big debts or the smaller ones?

 

i'm planning on drawing up a list of people i owe money to so that i can start contacting them to get arangements in place but not sure how to go about it

 

any ideas?

[kurvaface]

well, you're in the right place to get the best help:)

[whipsey]

would it be a good idea to have a sit down with citizens advice and see what they can do to help me?

[kurvaface]

I suppose you could, although the cag provides experience based advice almost on demand. CAB offices, from the little I know, aren't open that much.

 

To get help here, if you post what the debts are without too much detail, then you'll get loads of good help.

[whipsey]

the two that are bothering me at the moment are credit cards with lloyds and barclays both have had excessive charges added but im not sure if they can still be reclaimed as this would clear a large amount of my debts

[kurvaface]

Well I think that sounds like "Bread and Butter" stuff for CAG.

[kurvaface]

What's the situation with the accounts?

 

Edit :is one of them mentioned in another thread?

[whipsey]

i stopped paying both due to having no work they both have overdue payments one is approx 450 over my credit limit the other was meant to have the interest frozen but then it was unfrozen again

[kurvaface]

OK.

 

And what are they saying to you now?

[whipsey]

its been passed onto wescott and calder financial

[kurvaface]

Have you requested ccas?

[whipsey]

gotta request my statments again

[kurvaface]

Again??

[whipsey]

need to get up to date ones sorted as its been a while

[MandM]

Hi whipsey.

 

First thing I would suggest is doing an Income and Expenditure excerise. I particularly like the sheet on the National Debtline site (google it).

 

You can fiddle around with it and work out what you can reasonably afford to pay. It gives clear suggestions on priority debts etc which come first. You can make your offer of payment based on what's left and it will work it out for you on a pro rata basis.

 

Hope this helps.

 

M

[kurvaface]

No ..... not statements:)

 

The original ccas (credit agreements).

 

The ones you signed.

 

The basis on which these dcas are pestering you.

[MandM]

Pinched this link off of another thread for you (thanks esma);

 

The amount you pay is up to you what ever you can afford should be split between your creditors on a pro-rota basis. There is a personal budget sheet that you can use here.

National Debtline England & Wales | Personal Budget Sheet

 

That is of course if the card people have a correct CCA for this account. You could send them a copy of the budget sheet if you wish but you dont have to. You decide what you want to pay and pay it if they agree or not. Also dont pay by DD or give them a debit card payment set up a standing order or get a payment book off them.

 

Also, are your credit cards related to your bank i.e. Barclaycard and a Barclays bank account? If so, tread carefully - move bank if need be. If not, then happy days!

 

Good luck

 

M

Edited December 10, 2009 by MandM
typo. fat fingers

[whipsey]

both cards are lone accounts now after lloyds kept diping into one account to pay it

[kurvaface]

Do you have valid ccas for these accounts?

[whipsey]

not yet i'll be sorting the printouts to request the ccas requests this weekend

[kurvaface]

That would probably be a good start:)